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Top 10 predictions for the Romanian real estate market in 2017

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2017 is to be a year of unprecedented uncertainty externally as a new US President, Brexit negotiations, and elections in Europe all have the potential to create considerable external turbulences. At the same time, a buildup of confidence in the Romanian economy is set to make 2017 one of the best years in post-crisis history for the real estate market.

 

Here are our top 10 predictions for the year:

  1. CEE will weather the storms of 2017 better than other EMs;
  2. Investment transactions will reach a post-crisis maximum in 2017;
  3. IT and BPO/SSC sectors will be the main drivers of office space demand, particularly outside of Bucharest;
  4. Competition on the office market will increase;
  5. New industrial developments will hit an all-time high;
  6. 2017 will be a point of inflection for infrastructure;
  7. Bucharest shopping center market will aim to increase client catchment; other cities will focus mainly on developments of retail parks;
  8. New brands will enter the retail market;
  9. Residential areas will move closer to the recently developed business centers;
  10. Land market will be geared towards the retail and residential segment.

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Top 10 predictions for the Romanian real estate market in 2017

Download Report